@cgd.pt
Caixa Geral de Depositos is a financial institution offering car loans and credit card services.
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Caixa Geral de Depósitos (CGD) is a Portuguese financial institution that serves as the country's largest state-owned banking corporation. It was founded in 1876 and has its headquarters in Lisbon. CGD offers a wide range of financial products and services, including savings and current accounts, loans, mortgages, credit cards, insurance, and investment opportunities.
It caters to individuals, small and medium-sized enterprises (SMEs), and corporate clients. The bank also provides online and mobile banking facilities to its customers. On a global scale, CGD operates through various subsidiaries, joint ventures, and partnerships.
Notably, it has a significant presence in countries such as Spain, Angola, Mozambique, Cape Verde, Sao Tome and Principe, Guinea-Bissau, Timor-Leste, and Macao. Some of its noteworthy subsidiaries include Banco Caixa Geral, CaixaBI (investment banking), and Banco Caixa Geral - Brazil. Caixa Geral de Depósitos holds a prominent market position in Portugal, serving as one of the country's leading banks.
It has a large customer base and a wide network of branches across the nation. In terms of global sales, CGD has a significant foothold in several markets, particularly in Angola and Mozambique. In recent years, CGD has faced various challenges as it underwent restructuring and received financial assistance from the Portuguese government.
It has implemented cost-cutting measures and downsized its operations to improve its financial stability. The bank has also focused on digital transformation to enhance its efficiency and customer experience. The latest updates on CGD include its ongoing efforts to sell off non-core assets and focus on its core banking activities.
It has also emphasized regulatory compliance and risk management to ensure long-term sustainability. In conclusion, Caixa Geral de Depósitos is a prominent Portuguese bank with a long history and a significant presence both domestically and internationally. Despite facing challenges in recent years, the bank continues to serve its customers with a wide range of financial services and remains a key player in the Portuguese banking sector
Company Type
Public Company
Company Size
10,001+
Year Founded
1876
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